SJC gold bar price
As of 7:30 PM, SJC gold bar prices were listed by DOJI Group at 180-183 million VND/tael (buying - selling), down 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
SJC gold bar price was listed by Bao Tin Minh Chau at 180-183 million VND/tael (buying - selling), down 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Jewelry Group listed SJC gold bar prices at 180-183 million VND/tael (buying - selling), down 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
9999 gold ring price
As of 7:30 PM, DOJI Group listed the price of gold rings at 180-183 million VND/tael (buying - selling), down 100,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Bao Tin Minh Chau listed the price of gold rings at 180-183 million VND/tael (buying - selling), an increase of 400,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at 3 million VND/tael.
Phu Quy Gold and Gems Group listed the price of gold rings at the threshold of 179.8-182.8 million VND/tael (buying - selling), down 200,000 VND/tael in both buying and selling directions. The difference between buying and selling prices is at the threshold of 3 million VND/tael.
Currently, the buying - selling price difference of gold is at a very high level, around 3 million VND/tael, posing a risk of losses for investors.
World gold price
At 7:30 PM, world gold prices were listed around the threshold of 5,017.3 USD/ounce, up 35.5 USD.
Gold price forecast
World gold prices are fluctuating around the 5,000 USD/ounce mark, in the context that the market is intertwinedly affected by geopolitics, interest rates and energy fluctuations. Experts currently have many opposing views on the short-term trend of precious metals.
Mr. James Stanley - senior market strategist at Forex. com - said that gold maintaining above the 5,000 USD/ounce threshold is of great psychological significance. According to him, this is a signal that the market is increasingly accepting a high price level, thereby opening up the possibility of a new uptrend if this trend continues to be maintained.
However, in the opposite direction, some opinions are cautious. Mr. Daniel Pavilonis - senior commodity broker at RJO Futures - said that gold prices are currently greatly affected by US bond yields.
As yields maintain an upward trend, pressure on precious metals will increase, especially in the context of volatile energy prices due to geopolitical tensions. According to him, if interest rates continue to remain high, it is possible that gold may adjust further in the near future.
From a technical perspective, the market is still in a state of fluctuation as gold prices have not yet escaped the fluctuation zone established from the beginning of the month. Important support and resistance levels are constantly being tested, showing the cautious sentiment of investors.
However, in the long term, many financial institutions still maintain a positive view of gold. UBS experts believe that the precious metal may head towards the 5,900 - 6,200 USD/ounce range in the near future, thanks to its risk hedging role against inflation, economic instability and the trend of monetary easing. In addition, gold buying demand from central banks and global investors is forecast to continue to be maintained at a high level.
In general, in the short term, gold prices may continue to fluctuate strongly around the 5,000 USD/ounce mark. However, in the medium and long term, fundamental factors are still supporting the upward trend of this precious metal.
Notable economic data of the week
Sales of pending houses in the US.
US Producer Price Index (PPI), BoC interest rate decision, Fed monetary policy decision, BoJ monetary policy decision.
Monetary policy decisions SNB, BoE, ECB; weekly US jobless claims; Philly Fed manufacturing survey; new home sales in the US.
Gold price data is compared to the previous day.
See more news related to gold prices HERE...
